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Tuesday, February 25, 2014

Harp221122 - Great staking story

Introduce yourself? 
My name is Harp221122, and I run the suspect76-pf staking fund, where most probably know me better.
Player Info
Total played0
Total staked231
Player points0.00
Staker points28157.51
Makeup owed$0.00
Makeup you owe$0.00
PokerStars accountHarp221122
Full Tilt Poker accountfreeroller76
Juicy Stakes Poker accountIBan4Fun
Party Poker account[not set]

 


In addition to running a successful staking operation, I have my own marketing consultant business, am an Admin on Chip Me Up handling the day to day operations of the site and have a wonderful wife and 2 year old son

Your poker start, where and when you found the game?

I started playing the game in 2004 when my business partner introduced me to pokerstars. At that time I had too much money and just played whatever, whenever and mostly games I had no business being in. Led me to not play for a couple of years from ’06 – ’08. 

Picked up the game again in 2009 and has been a recreational player (and not a great one) since. Over the year's I have learned that I am a much better investor than player, so I stick to that for the most part.


Tell me about your staking starts ... 

I got my staking start in 2009 when I read an article about poker staking, this lead me to a google search that brought back Chip Me Up. I joined and immediately fell in love with staking players. I started very small, buying a share here and there in players and really tried to learn what made a good event and bad event. 

I found PTP in April 2010 and started to integrate it into my staking bankroll with SNG players and Baps

As far as mentors and coaches in staking, I don’t really have any, as have picked up most of what I know from just reviewing a lot of stakes and research, but someone that I do bounce questions off of from time to time and has been great with providing his feedback (mostly on horses we are both invested in) has been WotaWaster. Even though he doesn’t really know me from a hole in the ground, whenever I have asked his opinion on something we are invested in, he has provided a great, detailed response


Your PTP history and some interest story connected with site..

For the first two years, I just staked individually on PTP, then saw a post by Suspect76 looking for someone to run his fund for him. I applied and Suspect and I had a chat about my staking philosophy and decided that he would give me a shot with $300.

This was in early 2012 and in almost 2 years, have now staked out close to $35,000 worth of stakes across PTP, Chip Me Up and 2+2, with an 8.6% return.

Since 2012, suspect76-pf has been the leader in US player staking on PTP, providing numerous opportunities for US players to return back to the game on a number of sites. I think at some point we have backed, in some capacity almost every US player that was looking, either through stakes or Bap section.

Which games are your favorite, what do you play/stake now? 

My favourite game to play is PLO8, but currently given the number of projects I am involved in, I don’t have much time to play, so I have just been mucking around with 6 max hypers as they are fast when I want a game!

As far as staking goes, I am partial to sng staking. It is hard to find good sng grinders, and the potential for big scores are not there, but if you do find a couple good ones, you can grind out staking profit that will allow you to take some MTT staking shots.

I am pretty much open to staking any type of sng or MTT game provided the horse has some history in it. I try and avoid Hypers, HU and cash

Your biggest cash online and live - or horse cash?? 

My biggest online cash was $6,900 win in the $3.30 rebuy $40k on stars. This was in 2009 when the prizepools and runners were much larger.

Our biggest horse cash is $1,100 by TJB111 on Merge. This is the only 4 figure score we have had for the fund, so we are more than due for a big one!

Did your family support you ? 

My wife is very supportive of what I do. One of the great things about staking is that while it is very time intensive to find, research and manage a stable, it can be done at all hours, so I ensure that I take the time I need to be with my family and once they are out, or go to bed, etc, I then can sit down and work on the business.

What is most important to be profitable poker player-investor?? 

I am not a good enough player to answer this from a player perspective, but from a backer perspective, the key things I think that make a horse profitable are:
-playing limits that you crush/win. Everyone is looking to move up in stakes, etc. The horses we have had the most success with, are the ones that are humble enough to understand where they can earn the most $$. It is human nature to want to move up and with our horses we do provide those opportunities, but key is remembering you want to play against people you can beat, not against people who are the same caliber or better than you.

-sacrificing volume for profitability. Obviously volume is a good thing from a variance side, but in some cases, finding that balance between volume and profitability can mean all the difference between profit and loss as a horse and backer

None of our stakes have volume requirements. I mean we don’t want our money sitting around for weeks, but we also do not push our horses to play when not comfortable or to just get games in

-Communication. This seems like a weird one for profitability, but it is huge one for me. Even if a horse can’t play I make them post every 2 days in the rail what is going on. Trying to be on top of what a horse is doing, what is going through his mind or life allows us to make adjustments if necessary to the stake and ensure optimal performance, whether it be changing game type or pausing stake because something is going on outside poker that needs to be resolved.

Did you had problems with horses, money shiping etc.

As with any staker, rollings are part of the business. I believe that if you do your research you can limit this amount greatly (as some just invest without looking). I am happy to say that to date in my 4 years of staking (over $60k staked) I have been rolled for $319.50 (0.5% of total staked).

Your favorite PTP horse - why ? 

I don’t really have a favourite horse so here I will give mention to a few of our long term horses who always do a great job for us.

Guys like Xpressbluffs, Rlsethekraken, Cooltoo24, and crs728 have given us a solid base of continually profits that have allowed us to acquire new horses and provide more opportunities

On the Bap side, both Acid Hound and LowPiciGaszper have been long term investments for me and the fund.

Your poker plans for the future?

My plans for the future will be to continue to grow the suspect76-pf fund. In addition to staking, I have some affiliate agreements that we are building and are currently developing a new website to help drive business to our PTP staking sections. 

In addition, I have just started managing a new SNG fund run out of Chip Me Up with suspect76-pf is invested that will be providing strictly sng opportunities on both PTP and Chip Me Up 

The overall goal is to build suspect76-pf so it is one of the staking elite and mentioned with all the great stakers on PTP like pajk, alcswab-pf2, WotaWaster, and ILS007

Mesagge to ptp friends! 

I guess my message from a staking side to ptp members would be that you don’t have to start with the most money in the world to build a successful business, you just need to put the time and effort into researching horses and managing your investments and risk.

I have recently started to develop a guide to staking, starting with small bankrolls and things to look for and watch out for. I will be running my first investment coaching session next weekend for some Chip Me Up members looking to take staking more seriously. 

I certainly am not the best staker out there, not have staked the most amount, but if someone is looking for advice/tips on how to start from the bottom and work their way up, my results speak for themselves and this this coaching project might be right for them!

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